Lloyd & McDaniel, PLLC is a debt collection law firm located in Louisville, Kentucky. It was established in 1952, has 91 employees, and is managed by owners James Lloyd and Greg Taylor. It has a B- rating with the Better Business Bureau.
Lloyd & McDaniel files tens of lawsuits each year against Florida consumers on credit card and student loan debts. Lloyd & McDaniel represents, among other creditors, SLM Private Credit Student Loan Trust.
The Debt Relief Law Center recently sued Lloyd & McDaniel and its client, SLM Private Credit Student Loan Trust, in United States District Court ir Orland, Florida, based upon it making false and deceptive allegations in a student loan lawsuit. The specific basis of the lawsuit was that Lloyd & McDaniel filed a student loan lawsuit in Osceola County alleging that:
- That SLM PRIVATE CREDIT STUDENT LOAN TRUST 2003-B is authorized to conduct business in the State of Florida;
- That upon the consumer's request, SLM PRIVATE CREDIT STUDENT LOAN TRUST 2003-B entered into a contract with the consumer;
- That the consumer obtained a loan/line of credit from SLM PRIVATE CREDIT STUDENT LOAN TRUST 2003-B; and
- That SLM made demand upon the consumer for payment, and the consumer refused to make payment in full.
All of these allegations were false.
The class-action complaint against SLM and Lloyd & McDaniel also alleged that the Defendants had filed similar lawsuits against other residents of the State of Florida that contained the same false allegations.
